This entity is a state-level financial institution in Tamil Nadu, India. It provides financial assistance to industries, fostering economic growth and development within the state. Its primary function is to offer loans, equity, and other financial products to new and existing businesses, particularly small and medium-sized enterprises (SMEs).
The organization plays a crucial role in promoting industrial development by addressing the financial needs of entrepreneurs. It enables the establishment and expansion of businesses, thereby generating employment opportunities and increasing the state’s industrial output. Established decades ago, it has a significant historical context in shaping the industrial landscape of Tamil Nadu by providing much-needed capital to nascent industries.
